Sunday, February 10, 2019

Chicago Spare Change

It's a seductive idea. Even some libertarians like Charles Murray think it's worth a shot. With one dollar out of every three spent by the government on social welfare programs going to feed the bureaucracy, the idea of giving the poor direct cash payments seems an attractive way to save taxpayer money.

Unfortunately, it doesn't work.

Finland ended a similar experiment in April and the results have just been released.
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This is an idea thought up by people who have no clue about human psychology. You give people money and don't ask anything of them for it and, guess what? You get nothing in return.